5401 W Montrose Avenue Chicago, IL ^$ 399,000

5401 W Montrose Avenue

^$ 399,000

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5401 W Montrose Avenue

Chicago, IL, 60641

^$ 399,000

Studio Baths0.0

Monthly Estimate*

^$ 2,489

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Studio

Lots and Land for sale in Chicago, IL

for $399,000.

Exceptional investment opportunity located at the signalized intersection of Montrose and Long in Chicago's vibrant Portage Park neighborhood. This high-visibility corner property offers approximately 62 feet of frontage on Montrose Avenue with a total lot size of 7,000 SF. Zoned B3-1, this site allows for a wide range of commercial and mixed-use development possibilities. Property was a dry cleaner in the past and soil will need to be addressed before anything can be built. Contact agent for more information.

Lots and Land Active

Price

^$ 399,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

^$ 11,136

Style

Commercial

Town/City

Chicago

County/Region

Cook

MLS | Web ID

12438115

Features

General

Utilities Electricity Available Natural Gas Available Sewer Connected

Possession Closing

Township Jefferson

Tax Year 2023

Current Use Commercial

Ownership Fee Simple

Additional Parcels Description 13163010180000

County Cook

Property Type Land Land

Status Active

Directions Milwaukee west to property on southwest corner of Montrose and Long.

City Chicago

High School District 299

MLS Area CHI - Portage Park

Tax Annual Amount 11136

Additional Parcels Y/N Y

Standard Status Active

Middle/Junior School District 299

Elementary School District 299

Exterior

Water Source Municipal Water

Total Parking 0

Lot Dimensions 62x125

Road Surface Type Asphalt Concrete

Frontage Length 62

Frontage Type City Street

Waterfront Y/N N

Interior

Total Baths 0

* Excluded Features

List By

Keller Williams Realty Ptnr,Ll

Broker

dpiotrowski@kw.com

Affordability Calculator

$3,417

Per Month

Monthly Principal & Interest: $2,489
Monthly Property Taxes: $928
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Lots and land listings in Chicago, IL

Average List Price ^$345,301

Percent of Sale Price 13%

About Chicago, IL

2,755,380 Population

-4% Since 2002

^$53,088 Median Income

36.07 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

566059 Elementary School

566846 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
8/5/2025	$399,000		Listed Price

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5401 W Montrose Avenue, Chicago, IL, 60641 is a Lots and Land for sale at $399,000. 5401 W Montrose Avenue is a studio with 0.0 baths. The property's zip code is 60641 which is in Chicago, IL

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the Broker Reciprocity program of Midwest Real Estate Data LLC. Real Estate listings held by brokerage firms other than Weichert Realtors are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the names of the listing brokers. Some properties which appear for sale on this website may subsequently have sold and may no longer be available. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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Many homes contain recording devices, and buyers should be aware they may be recorded during a showing.

Data is updated as of 12/8/2025.

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5401 W Montrose Avenue

Lots and Land for sale in Chicago, IL

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